Which of the Following Is True Regarding the Legal Capacity

question 24

Multiple Choice

Which of the following is true regarding the legal capacity of the corporation?

• A) Agents can negotiate but not sign contracts on behalf of the corporation.
• B) Authorized officers of the Corporation can sign most contracts.
• C) The corporation can show it is ultra vires to have contracts enforceable.
• D) All contracts need to be placed under the corporate seal.
• E) Neither statute nor incorporating documents can limit the capacity.

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Definitions:

Tax Revenue

The income that is gained by governments through taxation, which is used to fund public expenses.

Import Quota

A government-imposed limit on the quantity of a specific good that can be imported into a country.

Honda Automobiles

A reference to the range of vehicles manufactured by the Honda Motor Company, a multinational automotive manufacturer.

Emission Exhaust

The release of gases or other pollutants into the air from internal combustion engines or other sources.